The data analytics firm, which was valued at $4 billion in June, is betting on investor enthusiasm for its digital optimization software.
The cryptocurrency exchange's buoyancy is tied to the crypto frenzy, as most cryptocurrencies are seeing irrational exuberance.
The commission voted to allow companies to raise new capital through a “direct” listing, giving them an alternative to paying hefty underwriting fees.
The workplace-messaging app’s direct listing values the tech company at $23 billion.
The music-streaming service's stock closes 13% above the reference price on its first day of trading.
The music-streaming service warns that "an active, liquid, and orderly trading market" for its shares "may not initially develop or be sustained.”
A direct listing would allow Spotify to avoid the hefty underwriting fees of a traditional IPO while providing liquidity to shareholders.
The music streaming company is said to be considering a direct listing on the NYSE within the year.
